By Staff Reporter
Dubai Launches World’s First AI Compliance Platform for Public Finance
Dubai Finance (DOF) has unveiled ASCEND (AI-Assisted System for Compliance Verification and Recommendations), the world’s first AI-powered compliance verification platform for public finance, at the inaugural Dubai AI Week.
Announced by Abdulrahman Saleh Al Saleh, Director General of DOF, ASCEND is a central pillar of the department’s AI strategy, aimed at boosting operational efficiency and enhancing financial governance.
“By embedding AI into our governance model, we are reinforcing accountability and agility while advancing Dubai’s global leadership in digital government,”
Al Saleh said.
ASCEND tackles key compliance challenges like fragmented data and manual reviews by introducing autonomous, real-time assessments. According to Huda Hamdan Al Shaikh, Executive Director of the Corporate Services Sector and CEO of AI at DOF, the platform replaces traditional processes with AI-led governance.
Powered by open-source large language models (LLMs) and Retrieval-Augmented Generation (RAG), ASCEND interprets legal texts, analyzes financial procedures, and performs compliance checks. It conducts risk detection, gap analysis, KPI mapping against legal frameworks, and generates structured, bilingual reports.
Fatma Buti Alsuwaidi, Director of Strategy and Corporate Performance, noted ASCEND’s ability to offer actionable recommendations and ensure regulatory alignment of KPIs.
Hosted on UAE-based cloud infrastructure, ASCEND adheres to national Information Security Regulation standards, maintaining full data sovereignty.
The launch positions Dubai as a global pioneer in AI-driven public sector transformation, setting a new standard in financial governance innovation.
News Source: Emirates News Agency
